Transfers of legal title between nominee-trustees are exempt from capital gains tax (CGT), documentary stamp tax (DST), and donor’s tax, provided the corporation retains beneficial ownership and the transaction involves only a change in legal title, the Bureau of Internal Revenue (BIR) said. This...
The government expanded its primary tax advisory council to include major foreign business chambers, aiming to smooth friction between corporations and state auditors while accelerating digital compliance reforms. The Bureau of Internal Revenue (BIR) renewed its multi-sectoral consultative...
The Bureau of Internal Revenue (BIR) launched a one-time tax abatement program aimed at giving micro-businesses and inactive filers a chance to settle outstanding liabilities and clean up their financial records. Under Revenue Regulations No. 4-2026, the tax bureau established guidelines for the...
The Bureau of Internal Revenue (BIR) has overhauled the rules for dissolving corporate entities and cancelling tax registrations, introducing a fast-track system that slashes processing times to as little as three working days for smaller enterprises. The tax agency issued Revenue Memorandum...
The Bureau of Internal Revenue (BIR) issued a final call to taxpayers to settle their obligations on Friday, May 15, the end of the one-month extension for the 2025 tax year. In a statement, BIR Commissioner Charlito Martin R. Mendoza urged the public to utilize electronic channels to complete...
The Bureau of Internal Revenue (BIR) exceeded its collection target for April, defying the potential slowdown from a deadline extension for annual income tax filings (AITRs). In a statement on Thursday, May 14, the agency reported that it collected ₱422.38 billion in gross revenues last month,...
The Bureau of Internal Revenue (BIR) is requiring online merchants and digital content creators to conspicuously display the standardized registration badge on their portals, stepping up efforts to monitor the fast-growing digital economy and secure the nation’s tax base. Under Revenue Memorandum...
The Bureau of Internal Revenue’s (BIR) tax collections rose by double digits in March, providing a critical fiscal buffer for the Marcos administration as it grapples with persistent energy crisis that threatens to dampen domestic demand. Preliminary data released by the agency on Wednesday,...
The Bureau of Internal Revenue (BIR) ordered an inventory of all pending Letters of Authority (LOAs) and Mission Orders (MOs) from regional directors, revenue district officers, and heads of audit units for immediate review. BIR Commissioner Charlito Martin R. Mendoza’s latest order comes after...
Affirming that tax collection must be done “efficiently and fairly,” Bureau of Internal Revenue (BIR) Commissioner Charlito Martin R. Mendoza has vowed to modernize tax administration while pledging aggressive prosecution of tax evasion. On Friday, Nov. 14, Mendoza, a former undersecretary at...
Charlito Martin “Charlie” Mendoza, a top-placing lawyer and licensed geodetic engineer, has been appointed by President Marcos as commissioner of the Bureau of Internal Revenue (BIR), the agency responsible for over 70 percent of government revenues. Mendoza’s appointment is effective...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. ordered a major personnel overhaul, affecting 16 key posts across the agency’s regional offices. The most significant change is the appointment of Southern Metro Manila Regional Director Edgar B. Tolentino as the new head of the...
